Dorothy decides to increase the amount of home insurance she presently has after seeing a television broadcast about a terrible tornado in a neighboring state. The Dorothy decision was made due to bias against availability.
What exactly is a bias against business availability?The tendency for people to give more weight to recent information or events without taking their long-term objective probabilities into account is known as recency bias, also known as availability bias in behavioral economics.
What contributes to availability bias?Because people have a natural tendency to rely too heavily on the information that is most readily available, this phenomenon is known as the availability bias. It can also occur when algorithms used in healthcare give more weight to information that is more readily available but does not adequately reflect the target demographic.
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steven manley deposits $1,000,000 (chump change for him) of cash into his checking account at his local bank. check each of the following that apply.
Steven Manley deposits $1,000,000 into his checking account at his neighborhood bank (chump change for him). every one of the following. M1 stays the same. M2 remains unchanged.
What does the money multiplier cost at a 5 percent mandated reserve ratio?One would anticipate a money multiplier of 1/0.05, or 20, with a reserve ratio of 5%. Since you can lend out $20 million if you have $1 million in deposits and a 5% reserve ratio, a money multiplier of 20 is to be expected.
Which of the following factors in the unemployment rate is not considered?The percentage of workers in the labor force who do not currently have a job but are actively seeking one is measured by the unemployment rate. This statistic excludes people who have not sought for job in the last four weeks.
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Final Assessment: Question 1 of 10
Which of the following is NOT one of the Principles of the Global
Principles of Business Conduct (Global Code)?
Select the best answer.
? Professional development and support
? Social responsibility
? Respect, diversity, and fair treatment
?) Accountability
Respect, diversity, and fair treatment are NOT one of the Principles of the Global Principles of Business Conduct. Thus option C is correct.
What is the global code of the product?A defined set of guidelines for our professional behavior is provided through our global code of conduct. It offers the moral and social guidelines as to which we based our informed decision. All of what we do is supported by the Code, which is rooted in our values and principles.
The Global Business Standards do not list the Self-Respect Principle as one of their leading concepts. There are a number of fundamental ethical precepts on which there is broad agreement, including honesty, honoring promises, avoiding harm, helping those who are in need, respecting human and civil rights, and ideals of justice and equality. Therefore, option C is the correct option.
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Three groups that participate in the process of establishing GAAP are users, preparers, and auditors. These groups are represented by various organizations. For each organization listed below, indicate which of these groups it primarily represents.
Numerous studies of financial reporting and auditing have been conducted over the past two decades as a result of these problems and significant independent auditor litigation.
First, the Securities and Exchange CommissionUSERS
The U.S. Securities and Exchange Commission (SEC) is a separate federal government agency tasked for protecting financial professionals, guaranteeing the fair and effective operation of securities markets, and promoting capital development.
Financial Executives Worldwide —————— PREPARERSFinancial Executives International (FEI) is an association for senior-level financial managers in businesses of varying sizes, both public and private, and in all endeavors. It is based in Morristown, New Jersey.
The third option is the American Institute of Certified Public Accountants.AUDITORS
The non-profit professional association of certified public accountants in the United States is called the American Institute of Certified Public Accountants (AICPA). The Under the name American Association of Public Accountants, the American Institute of Certified Public Accountants was founded in 1887 with the intention of ensuring that bookkeeping gained recognition as a profession and that it was refined by moral, competent professionals.
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An individual sells the securities of a federal chartered bank. This individual will be EXCLUDED from the definition of an agent if the individual:
An individual is excluded from the definition of institution providing that person effects transactions with existing workers or officers of the institution no commissions are paid; or that individual represents an institution in either mercantilism exempt securities or exempt transactions; or that individual.
An individual UN agency represents a broker/dealer within the sale of U.S. government bonds. II & III solely. A Uniform Securities Act represents institution within the sale of associate degree exempt security is excluded from the definition of associate degree agent beneath the Act.
The Uniform Securities Act (USA) expressly names 3 persons that ar systematically excluded from the definition of a broker-dealer: Agents. Issuers. Banks, savings establishments, and trust firms.
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suppose that the banking system in an economy has ample reserves, and the economy has entered a recession. which of the following is a monetary policy action the central bank can take to restore full-employment output in the short run? responses selling government bonds selling government bonds decreasing government spending decreasing government spending decreasing administered interest rates decreasing administered interest rates increasing the policy rate increasing the policy rate increasing the required reserve ratio
The monetary policy action the central bank can take to restore full-employment output in the short run is decreasing administered interest rates. Option (c) is correct.
Reduced discount rates will encourage commercial banks to take out new loans and borrow money from the central bank, increasing the amount of money in circulation. This is a form of expansionary monetary policy. By lowering nominal interest rates and raising interest-sensitive spending, increasing the money supply will help the economy return to full employment.
Therefore, Option (c) is correct.
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Kameko, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging a beach in Asia and the local Wildlife Apply Bagley ethical decision tree to help Komeko decide temporarily closing or not doing the facilities is the right thing to do Assumingitis legal to close the facilities, which of the following would you advise Kameko when she asks you. Should we close the facilities?" Mr Choice Yes, close the facts because not taking action would be unethical Yes, close the facilities because stopping business maximizes shareholder value No, keep the foliis open because that maxines shareholder value No, keep the facilities open because environmental damage is not a big deal
Yes, shut down the facilities since delaying would be unethical is the proper response.
What does the term "company" mean?A organization is a legal person that a group of people to conduct and manage a business venture, whether it be corporate or industrial. Depending here on corporate legislation of its country, a corporation may be set up in a variety of ways including tax and financial responsibility reasons.
Briefing:It is immoral to take no action after evaluating the damages done to the environment, as per Bagley's ethical decision tree. It is advised to temporarily shut down the amenities and make the necessary preparations so that the beach and animals are not harmed even if the amenities are open. Even harming the infrastructure and keeping them open still wouldn't enhance shareholder profit. The wisest course of action is to shut the facility.
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In Lawrence County, the real property tax year is the calendar year. The real property tax becomes a personal liability of the owner of real property on January 1 in the current real property tax year (assume that this year is not a leap year). The tax is payable on June 1. On May 1, Reggie sells his house to Dana for $350,000. On June 1, Dana pays the entire real estate tax of $7,950 for the year ending December 31. Assuming that Reggie itemizes his deductions and the $10,000 limit on state and local taxes does not apply, how much of the property taxes may Reggie deduct?a.$2,625b.$0c.$7,950d.$2,614e.None of these choices are correct.
Reggie can deduct $2,614 in property taxes if he itemises his deductions and the $10,000 cap on state and local taxes does not apply.
Property tax is an annual sum that landowners must pay to their community's municipal corporation or local government. His home, office building, and any tangible real estate that he has rented to others are all included in the property.
The property taxes attributable to the period during which the seller owned the taxable property can be written off if they were paid in full before the sale.
Dana purchases Reggie's home on May 1.
Reggie lived in the home from January 1 through April 30 of the current year, or for 120 days.
Property taxes Reggie can write off are [($7,950 / 365) * 120], which comes to $2,614
Reggie can thus write off $2,614 in property taxes.
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When considering triple-bottom-line accounting, currently most businesses measure
A. the economic impact of their activities and ignore the social and environmental.
B. their market share in economic terms but not social or environmental terms.
C. economic and environmental impacts, but not their social impacts.
D. none of their impacts, because economic measures are aggregated.
When considering triple-bottom-line accounting, currently most businesses measure their market share in economic terms but not social or environmental terms. So, the correct answer is Option B. Their market share in economic terms but not social or environmental terms.
According to the triple-bottom-line approach, businesses should give social and environmental concerns the same amount of consideration as they do financial ones.
According to TBL theory, a business cannot accurately account for all costs of conducting business if it only focuses on economics and ignores how it interacts with its stakeholders on a social level.
TBL suggests that businesses should focus on these three bottom lines concurrently:
Profit: The profit and loss (P&L) account is the conventional way of measuring a company's profit.
People: This gauges how socially conscious a company has been over the years.
Planet: This assesses a company's environmental stewardship.
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which of the following is not one of the 3 goals of macroeconomic policy that policy makers agree upon?
A branch of economics called macroeconomics is a field of study. Macroeconomics examines the overall idea of an economy. In other words, macroeconomics provides information about the entire economy. The aggregate or total economy's structure, conduct, decision-making, and performance are all taken into account in macroeconomics.
Answer: 1 with an explanation
B. Money Supply Growth is the right response.
There are several objectives for macroeconomics. Macroeconomics does not want to increase the MS.
Growth of the Money Supply: The basic objective of monetary policy is to increase the money supply. Macroeconomics doesn't have the objective of increasing the money supply (MS). Lowering the interest rate causes an increase in the money supply, or MS. Then, when investments rise, the supply of funds rises along with them.
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an important first step in adapting a product to a foreign market is to determine the question 29 options: 1) degree of newness of the product as perceived by the intended market. 2) personal ethics of individuals in the target market. 3) regional political parties present in the domestic market. 4) language problem of the intended market. 5) product's compliancy to irrational beliefs of its potential foreign consumers.
An important first step in adapting a product to a foreign market is to determine the degree of newness as perceived by the intended market. option [1] is the correct answer to the above statement.
What strategy is most frequently used to join a foreign market?
Exporting is the most prevalent and safest method of introducing products to a global market. You create your goods in your home nation, ship them abroad, and then distribute or sell them through distributors or agents in the target market.
Finding out how new a product is in the eyes of the target consumer is a crucial first step in modifying it for a foreign market. Every successful business is built on knowing and comprehending its customers' needs.
Therefore, One benefit of exporting is that you avoid having to make production investments abroad.
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Profit-maximizing firms must determine how hiring an additional unit of labor will affect profit. To do this, the firm can compare the change in revenue from hiring an additional unit of labor against the cost of that extra worker. The additional output produced by an extra unit of labor is equal to the marginal product of labor (MPL). Because each bot sells for the market price (P), the change in revenue from hiring an additional worker is________and the change in cost is_______.
It will continue to hire more people until the additional money generated by the more labor does not outweigh the additional cost of the labor
What is income?Cash is what a business makes from its operations; this is known as revenue. There are several methods for calculating revenue, depending on the accounting method utilized. Sales made on credit will be recorded as revenue for goods or services delivered to the client in accrual accounting.Revenue may be recognized in accordance with certain standards even though payment has not yet been made.The cash flow statement must be examined in order to determine how effectively a business collects debts. Contrarily, cash accounting only counts sales as revenue when money has been exchanged.For more information on marginal product of labor kindly visit to
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true or false: when a monopsonist pays a higher wage to attract an additional worker it must then pay that new higher wage to all the workers it is currently employing as well.
Answer:
False. When a monopsonist pays a higher wage to attract an additional worker, it does not necessarily have to pay the new higher wage to all the workers it is currently employing. The monopsonist may choose to only pay the higher wage to the new worker and not to the workers it is currently employing.
fter exploring the Opposing Viewpoints Database and reviewing your brainstorming activity, identify two issues that are related to your career or degree:
A. Write a fully developed paragraph for issue one (5â8 sentences each).
i.Explain at least two clear arguable sides to the issue.
ii. Explain how the issue relates to your field or degree or potential field or degree.
B. Write a fully developed paragraph for issue two (5â8 sentences each).
i.Explain at least two clear arguable sides to the issue.
ii.Explain how the issue relates to your field or degree or potential field or degree.
The goal of a persuasive argument is to persuade readers to share your viewpoint. You should include a succession of statements and supporting evidence in addition to your claim rather than just making .
What is there to say about persuasive writing?Argument essays, another name for persuasive writing, provide a case for why one idea is superior to another using logic and reason. It tries to persuade the reader to adopt a certain viewpoint or action.
What did you learn about persuasive writing?Persuasive writing encourages deliberate word choice, the development of logical arguments, and a compelling conclusion in nonfiction writing. To help children develop their persuasive writing skills, simple processes can be guided.
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TRUE/FALSE. outsourcing is a short-term business arrangement in which a company contracts for services with an overseas organization that has expertise in providing a specific function.
This claim is untrue. A company does not contract for services from an enterprise in another country that is skilled in performing a certain function as part of an outsourcing arrangement.
How do contracts for outsourcing operate?Outsourcing is the term used to describe a contract between a corporation and a service provider. In accordance with this arrangement, the business enters into a contract with the service provider to perform duties that are currently completed in-house or by a reputable third-party supplier.
The best uses of outsourcing are in website building, cleaning up after offices and warehouses, and advertising. Most business owners delegate responsibility for hiring, upkeep, and bookkeeping to outside experts. This allows businesses to focus the majority of their resources on the main activity.
What is the outsourcing procedure?On occasion, a business will hire other, non-corporate organizations to complete certain duties. In order to accomplish the work for less money, external firms often establish different remuneration arrangements with their personnel than an outsourcing company.
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The following assets in Jack’s business were sold in 2017: Asset Holding Period Gain/(Loss) Office Equipment 6 years $1,100 Automobile 8 months ($ 800) ABC Stock (capital asset) 2 years $1,400 The office equipment had a zero adjusted basis and was purchased for $8,000. The automobile was purchased for $2,000 and sold for $1,200. The ABC stock was purchased for $1,800 and sold for $3,200. In 2017 (the year of sale), Jack should report what amount of net capital gain and net ordinary income? a. $1,700 LTCG. b. $600 LTCG and $300 ordinary gain. c. $1,400 LTCG and $300 ordinary gain. d. $2,500 LTCG and $800 ordinary loss. e. None of the above.
Jack needs to provide his net ordinary income and net capital gain amounts is $1,400 LTCG and $300 ordinary gain.
How do capital gains and ordinary income differ?Simply stated: Wages, tips, and interest income are typical examples of ordinary income. When you sell a capital asset, such as a stock, house, condo, or apartment, for more than its original cost or taxable basis, you make a profit.Capital gain over the long term (LTCG) = $1,400. Normal gain equals the sum of the gains and losses on office equipment and autos. Average gain = 1,100 Plus (800).At the federal, state, and local tax rates, ordinary income is taxed. By investing in an asset and then selling it for more than you paid for it, you can generate capital gains. For instance, you might buy a building and sell it for more money later.To learn more about Net ordinary income refer to:
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jeff is the chief manager of the sales team for contoso. he uses office laptop, and stores all of his important files locally on his laptop. these files have taken a lot of storage space, and hence, his system has become slow. also, the system has become prone to crashes, which produces a risk of data loss. which of the following options should jeff use to resolve this issue?
The option that should be used by Jeff to resolve this issue is Micro-soft One-Drive.
Data is permanently stored in storage (a hard disk or solid state drive) for future access. It is the element that your operating system, programs, and files access and save. Since the storage disk is non-volatile, the data is kept even if the computer is turned off.Your operating system, apps, and files are kept in storage for all time. The speed of the storage influences how quickly your system can boot up, load, and retrieve the information you've saved because computers need to write information to and read it from the storage system.To know more about Storage here
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. terms of trade suppose that france and austria both produce rye and shoes. france's opportunity cost of producing a pair of shoes is 5 bushels of rye while austria's opportunity cost of producing a pair of shoes is 11 bushels of rye. by comparing the opportunity cost of producing shoes in the two countries, you can tell that has a comparative advantage in the production of shoes and has a comparative advantage in the production of rye. suppose that france and austria consider trading shoes and rye with each other. france can gain from specialization and trade as long as it receives more than of rye for each pair of shoes it exports to austria. similarly, austria can gain from trade as long as it receives more than of shoes for each bushel of rye it exports to france. based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of rye) would allow both austria and france to gain from trade? check all that apply. 9 bushels of rye per pair of shoes 2 bushels of rye per pair of shoes 1 bushel of rye per pair of shoes 10 bushels of rye per pair of shoes
France has a comparative advantage when it comes to wine production. When it comes to producing rye, Austria has a competitive edge.
What exactly does trade in business mean?Any action conducted to generate income from the sale of goods or the provision of services falls under the definition of commerce or business. It is not restricted to integrated averages of resources, operations, and goodwill that constitute businesses for the purposes of other Internal Revenue Code sections.
What is the primary reason for trade?Trade is crucial for maintaining a competitive and globalized economy because it promotes innovation and supports the specialization of markets while also driving down international pricing for goods. Exposure to services and goods that might be cheaper and of greater quality than their domestic alternatives is another benefit of being able to trade.
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In Exercises 33 and 34 explain why you cannot use the methods of this section to find the desired probability.
Hispanic workers A factory employs 3000 unionized workers, of whom 30 %are Hispanic. The 15 -member union executive committee contains 3 Hispanics. What would be the probability of 3 or fewer Hispanics if the executive committee were chosen at random from all the workers?
CHALLENGE: See if you can compute the probability using another method.
A factory employs 3000 unionized workers, of whom 30 %are Hispanic. The 15 -member union executive committee contains 3 Hispanics. The probability of 3 or fewer Hispanics if the executive committee were chosen at random from all the workers would be 3/15 or 0 .2.
What is Probability?The probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event. The value of probability has range from zero to one.
The probability has been introduced in Maths to predict how likely events are to happen. The meaning of probability is basically the extent to which something is likely to happen.
A probability basically tells the possibility of outcomes for a random experiment. Like in the above given experiment the probability is 3/15 or 0 .2.
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a private college received an offer from a cpa who is an alumnus to teach a one-semester advanced accounting course at no cost. asc 958 prescribes that this contribution of service: A. need only be disclosed in the footnotes to the financial statements.
B. be recorded as an asset with an equivalent amount recorded in the unrestricted fund balance.
C. be recorded as a revenue with an equivalent amount recorded as an expenditure.
D. need not be recorded if the service is for a period less than one academic year.
ASC 958 prescribes that this contribution of service C. be recorded as a revenue with an equivalent amount recorded as an expenditure.
Financial statement illustrative notes for endowment reporting, specifically for investment returns, are provided by ASC 958-205-55-21.
Not all assets of not-for-profits that meet the criteria of cash equivalents are considered cash equivalents for the purposes of producing the statements of financial position and cash flows, according to ASC 958-230-55-2. Even if they meet all other criteria, restrictions may prevent them from being counted as cash equivalents.
For instance, if short-term highly liquid investments are made using funds that are subject to donor-imposed limitations that only allow for long-term investment, they are not cash equivalents.
Functional expense reporting is explained in illustrative notes to financial statements under ASC 958-205-55-21.
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The IT department's on-site developer has been with the team for many years. Each time an application is released, the security team is able to identify multiple vulnerabilities. Which of the following would BEST help the team ensure the application is ready to be released to production?
A. Limit the use of third-party libraries.
B. Prevent data exposure queries.
C. Obfuscate the source code.
D. Submit the application to QA before releasing it.
Option D is the correct answer here that is Submit the application to QA before releasing it.
What is a QA release?Release Criteria are set by way of the Quality Assurance (QA) manager earlier than the trying out for software commences to make certain that the software program when launched has first-rate overall performance and quality.
What is launch administration in QA?Release administration refers to the technique of planning, designing, scheduling, testing, deploying, and controlling software program releases. It ensures that launch teams efficiently supply the functions and enhancements required by using the enterprise whilst retaining the integrity of the current manufacturing environment.
What is the first step of QA?Identification of customer want is the first step of QA after which similarly primary factors of QA are identified. QA depends not solely on QC however additionally on the activities of the complete company.
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https://brainly.com/question/13876752#SPJ4According to the bid-rent model, which of the following individuals would be the one most likely to live closest to the central business district (CBD)? (Hint: Assume that work locations are located adjacent to each other at the center of the CBD)
Which of the following people would be most likely to live closest to the central business district (CBD) if they were a doctor at the city hospital who had to walk to work according to the bid-rent model.
Which of these urban planning issues affecting where people live and work is overlooked by a bid rent model?City-level factor is disregarded in a bid-rent approach when determining where homes and businesses are located In contrast to the bid-rent model of urban land value, the concentric circle model of urban form depicted a city where wealthier residents tended to live further away from the CBD.
What benefits do economies of scale offer?Because of economies of scale, large companies may frequently create goods at a cheaper unit cost. cost advantage over their smaller competitors, which gives them a competitive edge. It's crucial to distinguish between total cost and average cost. Because more resources must be used as a company expands, its overall costs increase.
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Step One: You have graduated from college and have established a career. You have been working with the same company for three years. You have saved up $10,000 and need to decide how you will save and invest this money. Your goal is to save as much money in five years as you can for a down payment on a house. Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Upload the document. Step Two: Select specific accounts and investments. For example, if your outline includes investing $1,000 in stock, research and select a stock. Create a portfolio with a spreadsheet or word processor. See the example below:
Answer12
Explanation: so it is 6+6+22=2
The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory. True or False ? Explain.
Inventory Holding Costs
Inventory Holding Costs are the costs that businesses have associated with storing inventory. They include the cost of financing, insuring, risk of loss and obsolescence, space used, logistics, handling, depreciation. It is important for companies to know their inventory holding costs so they can optimize it and make informed business decissions.
Within a single supply chain, inventory holding expenses are measured as a portion of overall inventory expenses. The cost of inventory loss, depreciation, labor, shipping, and warehousing is included.
How may the price of keeping inventory be calculated?Determine your storage, employee salaries, inventory depreciation, and opportunity expenses before you can evaluate the costs of holding your inventory. The total of your annual inventory value is equal to the sum of these sums. Your inventory holding cost is the resulting figure, given as a percentage.
Are there expenses associated with keeping inventory in storage?A company's carrying cost is the sum it pays keeping inventories on hand over time. It is the price of owning, retaining, and stocking the products.
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Products, Inc., warrants its goods to be free of defects. Heck issues an instrument to obtain goods from GR8 that prove defective. With respect to payment on the instrument, Heck
a.is liable only to a subsequent holder of the instrument.
b.has a universal defense against it.
c.cannot avoid it.
d.has a personal defense against it.
Products, Inc., warrants its goods to be free of defects. Heck issues an instrument to obtain goods from GR8 that prove defective. With respect to payment on the instrument, Heck has a universal defense against it.
Why do warrants exist?Generally speaking, a warrant is a type of asset in the financial world that gives the owner the ability to buy or sell stock at a fixed price known as the exercise price.
This equity is often the stock of the company that granted the warrant. Options and warrants are both legally binding financial instruments that grant the holder particular rights to purchase equities. They are comparable to one another because of this.
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A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000 per diamond and the demand for diamonds is described by the following schedule:
a. If there were many suppliers of diamonds, what would be the price and quantity? b. If there were only one supplier of diamonds, what would be the price and quantity? c. If Russia and South Africa formed a cartel, what would be the price and quantity? If the countries split the market evenly, what would be South Africaâs production and profit? What would happen to South Africaâs profit if it increased its production by $1,000 while Russia stuck to the cartel agreement? d. Use your answers to part (c) to explain why cartel agreements are often not successful. Step-by-step solution
a) The price and quantity of diamonds are decided at a point where the price is equal to marginal cost when there are numerous suppliers of diamonds available. Price is equivalent to marginal cost in the table above at $1,000. Consequently, the cost is $1,000 and there are 12,000 of them.
What is the calculation?
Price ($) Output TR (P*Q) MC ($) TC (MC*Q) Profit (TR-TC)
8,000 5,000 400,00,000 1,000 50,00,000 350,00,000
7,000 6,000 420,00,000 1,000 60,00,000 360,00,000
6,000 7,000 420,00,000 1,000 70,00,000 350,00,000
5,000 8,000 400,00,000 1,000 80,00,000 320,00,000
4,000 9,000 360,00,000 1,000 90,00,000 270,00,000
3,000 10,000 300,00,000 1,000 100,00,000 200,00,000
2,000 11,000 220,00,000 1,000 110,00,000 110,00,000
1,000 12,000 120,00,000 1,000 120,00,000 0
In the event that there is only one supplier of diamonds, the price and number of diamonds are chosen so as to maximize profit. When the price is $7,000 and the quantity is 6,000, the profit is maximized.
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In your question, the table is schedule is missing, probably the correct schedule is-
A large share of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000 per diamond and the demand for diamonds is described by the following schedule.
Price Output
$8,000 5,000
$7,000 6,000
$6,000 7,000
$5,000 8,000
$4,000 9,000
$3,000 10,000
$2,000 11,000
$1,000 12,000
Knowledge Check 01 A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in Inventory. Note: Enter debits before credits Date General Journal Debit Credit V al
If a company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory. No Journal entry is required.
What is journal entry?Journal entry is used by companies to record their day to day business transactions.
On the other hand the periodic inventory system is an inventory method used by companies so as to know the inventory they have and this is often done by physically counting the inventory.
Since the physical inventory count discovered that they have incurred a $300 shrinkage in inventory there will be no journal entry to record this transaction based on the fact that inventory shrinkage means that there is additional inventory in the company record but in which this inventory in the company record does not exits.
Therefore no journal entry.
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Explain what the category of price elasticity for the following products should be. -petrol -clothes -cars -travel -fillet steak
Answer:
Explanation:
Price elasticity refers to the degree to which the demand for a good or service changes in response to a change in its price. The elasticity of demand can be classified into several categories, including elastic, inelastic, and unit elastic.
Petrol: Petrol is considered to be an inelastic product. This means that the demand for petrol is relatively unchanged even when the price changes. This is because petrol is a necessity for many people, as it is required for transportation.
Clothes: The elasticity of demand for clothes can vary depending on the type of clothing and the specific market. For example, basic clothing items such as T-shirts and jeans may be more inelastic, as they are considered necessities for many people. On the other hand, luxury clothing items such as designer dresses may be more elastic, as the demand for these items may be more sensitive to price changes.
Cars: The elasticity of demand for cars also varies depending on the specific market. In general, the demand for cars may be more elastic for luxury vehicles, as these tend to be more expensive and people may be more willing to substitute them with cheaper alternatives when the price increases. On the other hand, the demand for basic transportation vehicles may be more inelastic, as they are considered necessities for many people.
Travel: The elasticity of demand for travel may also vary depending on the specific market. For example, the demand for international travel may be more elastic, as people may be more willing to substitute it with domestic travel when the price increases. On the other hand, the demand for domestic travel may be more inelastic, as people may still need to travel for work or other necessities.
Fillet steak: The elasticity of demand for fillet steak may depend on the specific market and the availability of substitutes. In general, the demand for fillet steak may be more elastic for higher-end cuts, as people may be more willing to substitute it with cheaper alternatives when the price increases. On the other hand, the demand for lower-end cuts of meat may be more inelastic, as they are considered necessities for many people.
The category of price elasticity for the following products is
petrol - inelastic goods clothes - elastic goodscars - elastic goodstravel -elastic demandfillet steak - elastic goodWhat is price elasticity?The term "price elasticity of demand" refers to the impact of a modification in the level of market price on the rise or fall in demand for a particular item.
A product's demand is said to be elastic if it is good to meet price changes; otherwise, it is said to be inelastic if the response to a shift in prices is not proportional.
Luxury automobiles are generally more expensive, and consumers may be more likely to replace them with less expensive alternatives, making the demand for cars for these types of cars more elastic.
Due to people's inclination to choose domestic travel over international travel when costs rise, the demand for international travel may be more elastic.
As consumers may be more inclined to switch to less expensive substitutes when the price goes up, the desire for fillet steak may be more flexible for higher-end cuts.
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Jin, age 29, is beginning to contemplate his financial future. Right now, he lives in a metro city where he has to walk to work. Although he loves the excitement of the city, he wants to buy a van as he has always dreamed of becoming a digital nomad. His goal is to begin saving for this objective right away. Jin has identified three possible portfolios that might be appropriate choices as he begins investing to reach his objective. Each portfolio consists of the following stocks, bonds, and cash assets. I Portfolio A 10% cash Portfolio B 15% cash Portfolio C 20% cash 20% bonds 40% bonds 50% bonds 70% stocks 45% stocks 30% stocks Assume that the average return of each asset is as follows: Stocks 10%, bonds 5%, and cash 2%. Portfolio A Portfolio B Asset Rate of Class Portfolio C Asset Weighted Allocation Return¹ Asset Weighted Asset Weighted Allocation Return¹ Allocation Return¹ Return Cash 2% 10% (a) 15% (d) 20% Bonds 5% 20% (b) 40% (e) 50% (h) Stocks 10% 70% (c) 45% (f) 30% (i) Portfolio Return² (1) (11) (111) *Note¹: Weighted Return (Asset Class Rate of Return) x (Asset = Allocation) Note2: Portfolio Return = Sum of Portfolio's Weighted Return 5. After attending five weeks of financial education workshops, Jin became very confident in investing. His risk tolerance is now slightly above the average. Jin decides not to buy a van and establishes a new financial goal - buying a farmhouse in 10 years. Based on his new risk tolerance level and time horizon for his new goal, which portfolio would be most appropriate? Portfolio A Portfolio B Portfolio C It is hard to know based on the given information
The Portfolio returns of A, B and C are 8.2% , 6.8% and 5.9% respectively.
What are the Portfolio returns?1. Portfolio A:
Weighted return for cash (a) =2% * 10%
= 0.2%
Weighted return for bonds (b) = 5% * 20%
= 1%
Weighted return for stocks (c) = 10% * 70%
= 7%
The total weighted average rate of return for Portfolio A is Portfolio Return(I)
Portfolio Return(I) = 0.2% + 1% + 7%
= 8.2%
Portfolio B:
Weighted return for cash (d) = 2% * 15%
= 0.3%
Weighted return for bonds (e) = 5% * 40%
= 2%
Weighted return for stocks (f) = 10% * 45%
= 4.5%
The total weighted average rate of return for Portfolio B is Portfolio Return(II)
Portfolio Return(II) = 0.3% + 2% + 4.5%
= 6.8%
Portfolio C:
Weighted return for cash (g) = 2% * 20%
= 0.4%
Weighted return for bonds (h) =5% * 50%
= 2.5%
Weighted return for stocks (i) = 10% * 30%
= 3%
The total weighted average rate of return for Portfolio C is the Portfolio Return(III)
Portfolio Return(III) = 0.4% + 2.5% + 3%
= 5.9%
2. Portfolio A would be most appropriate based on Jin's new risk tolerance level and time horizon for his new goal.( Refer images for complete question)
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a producer sells an annuity. a replacement takes place in connection with that purchase in all the following circumstances, except:
A replacement takes place in connection with that purchase in all the following circumstances, except obtain the beneficiary's signature on a summary of all policies to be replaced.
A person's handwritten representation of their name, nickname, or another mark that they use to sign documents as evidence of their identity and intent is known as a signature. A signatory or signer is the person who writes a signature.
A signature work identifies the work as easily identifying its creator, much like a handwritten signature. An autograph, which is mostly an artistic signature, can be mistaken for a signature. Because having both an autograph and a signature can be confusing, some famous persons choose to keep their signatures a secret while making their autographs well known.
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Referring to Table 13-4, what fraction of the variability in house size is explained by income, size of family, and education? a)27.0% b)33.4% c)74.8% d)86.5%
Option B. 33.4%, A real estate developer wants to know how factors like family size (Family Size), family income (Family Income), and education of the head of household (School) affect the size of a house (House).
House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is measured in years. Measurements of variability give you descriptive statistics that summarise your data in addition to measures of central tendency. Spread, scatter, and dispersion are other terms for variation. It is often assessed using the following: Difference between the highest and lowest values is referred to as the range.
Each sampling distribution's variability diminishes as sample size rises, making the distributions more and more leptokurtic. The sample distribution's range is less than the original population's range.
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